ISDS Case Map
Brazil
The Free Trade Area of the Americas (FTAA) will become a reality only if the United States allows increased market access for Brazilian agriculture and competitive manufactures and if Brazil reciprocates by opening its market to foreign competition in goods and services.
The talks on a future Free Trade Area of the Americas (FTAA) have divided Latin American states into different interest groups prior to the 4th Summit of the Americas to be held in Argentina on Nov. 4-5.
Latin American countries have rightly learned to be apprehensive over the domination of the United States, and it is this reluctance that is behind their slowdown over the FTAA.
Terming an India-Brazil-South Africa (IBSA) Free Trade Agreement as a “distinct possibility”, the Indian government said it is looking at other ways of enhancing trade relationship with the two countries.
The relationship between Nigeria and Brazil yesterday took a major leap with the signing of bilateral agreements by Presidents Olusegun Obasanjo and liiz Inacio Da Silva.
As indicated by CAFTA's ratification, instead of pushing for the enactment of the FTAA, the Bush administration has re-evaluated its strategy, now attempting to build up momentum by establishing separate free trade agreements with the different regions in the hemisphere through a "divide-and-conquer" strategy.
The European Union hopes to reach a free trade agreement with Latin American trade group Mercosur by May 2006. But some Brazilian diplomats said Brazil wishes to delay the signing of the agreement till the end of the Doha round so as to seek more concessions from the EU on issues regarding agricultural products.
The Government of India has identified Brazil as strategic partner in Latin America and is strengthening relations and expanding cooperation.
Brazilian President Luiz Inacio Lula da Silva opens an Arab-Latin American summit today aimed at increasing commerce between the two regions as he seeks to reduce developing nations' dependence on the U.S. and European Union.
US Secretary of State Condoleezza Rice called on Brazil to "reenergize" talks with the US on the proposed Free Trade Agreement of the Americas.
